Cinven has been involved in the sector for over 20 years. We have successfully invested in consumer publishing, B2B media, academic publishing, directories, cable and satellite.

Experience and approach
The fast-moving technology, media and telecommunications (TMT) sector has consistently produced acquisition opportunities that meet Cinven’s investment criteria of market leadership, cash generation and growth.

The sector is affected by structural and cyclical changes that create opportunities for private equity investment. In broadcast media, the proliferation of television and radio channels has fragmented the stable audiences of the analogue age. In telecommunications, the main driver of change is the convergence of telephony, television and the internet. In printed media, revenues have stagnated and there is competition from the internet for ‘eyeballs’ and advertising. Economic downturn is a challenge for the entire sector, with advertising, one of the main drivers of revenue, in decline.

Cinven has been involved in the TMT sector for over 20 years and has concluded a number of landmark transactions. We have successfully invested in consumer publishing, B2B media, academic publishing, directories, cable and satellite and we have relationships with the most important entrepreneurs and managers in the sector. In this rapidly changing environment, our sector team’s experience, knowledge and industry network will continue to generate TMT investment opportunities.